With $ 51 billion of cash and investments on Apple's balance sheet, and an additional $ 4-5 billion/quarter showing up each quarter, there's plenty of speculation on how that growing pile of cash will be used. Here's what Steve Jobs said on the earnings conference call that only fueled that speculation:

"We strongly believe one or more strategic opportunities will come along we're in a unique position to take advantage of,"

and

"We don't let the cash burn a hole in the pocket or make stupid acquisitions. We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future."